Thoughts?
Cyrptocurrencies will replace conventional monetary systems. Do you agree or disagree? Explain.
Though I am not into the subject that much, I think that banks and governments will not allow a distributed ledger to replace conventional, traceable & controlled transactions. Since the blockchain is decentralized, no authority means no regulation - i.e. it is not possible to ensure that money entering a person's bank account is legal (money laundering would be very easy).
Correct me if I'm wrong but that's what I think about it.
Correct me if I'm wrong but that's what I think about it.
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